Economic Bakhtar News Agency is the official state news agency of the Afghan government, based in Kabul. The agency is a major source of news for all media in Afghanistan, gathering domestic and international news and providing information to outlets. http://www.bakhtarnews.com.af Fri, 24 Mar 2017 04:17:03 +0000 Joomla! 1.5 - Open Source Content Management en-gb Afghanistan-Iran Trade Relations Growing, Official http://www.bakhtarnews.com.af/eng/business/item/27970-afghanistan-iran-trade-relations-growing-official.html http://www.bakhtarnews.com.af/eng/business/item/27970-afghanistan-iran-trade-relations-growing-official.html Afghanistan-Iran Trade Relations Growing, Official

Monday March 20, 2017

Kabul (BNA) Deputy Trade Minister Mohammad Qurban Haqjo on Sunday underlined that his country is broadening its trade relations with Iran.
‘Afghanistan has reduced its trade exchanges with Pakistan by half, but it is at the same time boosting its economic ties with Iran,” Haqjo said.
“The value of Iran-Afghanistan trade balance hit $2.579 million in 2015,” he added.  He noted that Afghanistan’s Chamber of Commerce put the value of trade exchanges with Pakistan to hit $3 billion in 2015, while the same figure has hit $1.5 billion in 2016. “China, Iran and India will soon replace Pakistan in Afghanistan’s markets and Islamabad will lose its biggest market soon,” he said. Haqjo added that blocking the paths to Pakistan for Afghan people and businessmen has incurred a loss of $100 million for the merchants.
 

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Economic Mon, 20 Mar 2017 06:49:46 +0000
Relations with Central Asian Countries in Afghanistan’s Interest, Lawmakers http://www.bakhtarnews.com.af/eng/business/item/27942-relations-with-central-asian-countries-in-afghanistan’s-interest-lawmakers.html http://www.bakhtarnews.com.af/eng/business/item/27942-relations-with-central-asian-countries-in-afghanistan’s-interest-lawmakers.html Relations with Central Asian Countries in Afghanistan’s Interest, Lawmakers

Saturday March 18, 2017

Kabul (BNA) In fact, common threats have caused the leaders of the national unity government to strive for further tightening relations with Central Asian countries than ever.
Calling relations with Central Asian countries in the benefit of Afghanistan, the lower house of the parliament is stressing on cooperation of these countries with Afghanistan in fighting terrorism.  A member of the house’s internal security commission, Mirdad Nejrabi said that however, regional security was important to the region, particularly to the Central Asian countries such as, Kazakhstan, Tajikistan, Uzbekistan, Turkmenistan and Russia, thus, these states should cooperate with Afghanistan in war on terror. “Peace will not restore in Afghanistan unless the regional countries honestly cooperate with Afghanistan,” he further said, adding surely, prevailing peace and security in Afghanistan will positively affect regional and the world countries. Iqbal Safi, head of the Wolesi Jirga’s defensive commission said, “Afghanistan is among those countries where has always been victimized by terrorism and has given the most casualties so far, therefore, the Central Asian countries should practically step up alongside Afghanistan in this regard.”
Earlier, officials of Kazakhstan, Tajikistan and Turkmenistan in meeting with their Afghan counterparts reported on their preparations for cooperating with Afghanistan in war on terror. Expressing optimism on regional countries’ role in ensuring peace and stability as well as fighting terrorism in Afghanistan, a number of political experts believe that the Central Asian countries are concerned on influence of extremist factions to their borders. Akram Andishmand, a political expert on Afghanistan and regional affairs said, “Insecurities in north, have caused the Central Asian countries to tighten relations with Afghanistan.” To prevent further increasing terrorist groups’ activities, he added the regional superpowers including Russia and Turkmenistan should cooperate with Afghanistan.
Haidar Hemat, an expert and university lecturer said that the government of Afghanistan should make effort to maintain relations with regional and Central Asian countries so to ensure peace and security in the country.
In the meantime, lauding the Afghan National Security Forces (ANSF) efforts in ensuring security in northern provinces, a number of citizens are stressing that the government should not let the terrorists influence in north and should come up with a serious strategy to foil the terrorists’ attacks and don’t let them reach their malicious designs.  Omran, a Kabul resident said Afghanistan was among those countries where has experienced wars for more than three decades, thus, to get rid of such a situation, the regional and Central Asian countries should cooperate with it. Walid, another resident believes that the Central Asian countries are concerned on Daesh faction activities in the country, which is why they want to continue cooperation with Afghanistan. This is while that many countries have declared their support from Afghanistan, but unfortunately, still peace and security are not ensured in the country. 
Suraya Raiszada
 

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Economic Sat, 18 Mar 2017 12:01:47 +0000
The Exchange Rate of Afghan Currency Against Foreign Currencies http://www.bakhtarnews.com.af/eng/business/item/27907-the-exchange-rate-of-afghan-currency-against-foreign-currencies.html http://www.bakhtarnews.com.af/eng/business/item/27907-the-exchange-rate-of-afghan-currency-against-foreign-currencies.html The Exchange Rate of Afghan Currency Against Foreign Currencies

Tuesday, March 14, 2017
Kabul (BNA) Based on Khan Mohammad Baz’ head of currency exchangers in Kabul, Shahzada market report the exchange rate of Afghani as a follow:
                                                                                   
One Dollar                                            68/24 afgs                           
One Pound Sterling                              83/10 afgs                         
One Euro                                             72/60 afgs                        
One Emirate’s Dirham                         18/55 afgs                          
One Thousand Pakistani Rupees          631afgs                        
One Thousand Indian Rupees               1035 afgs             
One Thousand Iranian Rupees           18/87 afgs                       
Yarzada

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Economic Tue, 14 Mar 2017 11:20:10 +0000
Spokespersons Report Successful Implementation of Development Projects http://www.bakhtarnews.com.af/eng/business/item/27902-spokespersons-report-successful-implementation-of-development-projects.html http://www.bakhtarnews.com.af/eng/business/item/27902-spokespersons-report-successful-implementation-of-development-projects.html Spokespersons Report Successful Implementation of Development Projects

Tuesday March 14, 2017

Kabul (BNA) In a joint press conference held recently, the spokespersons of the relevant ministries said that amid growing insecurities, many development projects have been completed in some provinces this year.
Akbar Rustami, the spokesperson to the ministry of urban development said that during the current year, they could implement 9000 development projects in 34 provinces of the country.  He said that however they faced many challenges, but they have had many achievements this year. He added that they have completed 9077 development projects on providing drinking water, irrigation, agriculture, local development, health, education and road construction sectors as well as many more in different provinces of the country. The projects worth $245.2 million, he added. With implementation of the projects, short-term job opportunities have been provided to nearly 750,000 people, he went on to say. At the same time, Nilofar Langar, the spokesperson to the ministry of rural rehabilitation while presenting one-year report of her ministry told that they have received 446 projects worth 71.6 millions of dollars from different government institutions and the procurement work on 300 of them is underway.
She added that construction work of seven ministries will be started in 1396. Likewise, Lutfullah Rashid, the spokesperson to the ministry of agriculture, irrigation and livestock told that 1395 was an agriculture growth year, during which they could implement many projects this year.
Meanwhile, Mehdi Rohani, the spokesperson to the ministry of public works said that the ministry could prevent life and financial loses during the winter and could reopen the closed roads at its earliest. He added that his ministry had 73 projects this year, many of which have been implemented and work on the rest is underway. He said that the ministry of public works has considered to implement 90 projects next year. At the same time, a number of experts said that in order the ministries were not questioned by Wolesi Jirga have made effort to spend their development budget. Kharoti said that the ministries should consider the situation while implementation of the projects so they positively affect the people economy and routine life.
He added that the ministries should not only consider to spend the budgets, but should also pay heed to quality and efficiency of the projects.
The people believe that with completion of projects in some provinces, the residents’ problems have been solved at some extent. The ministries of rural rehabilitation, agriculture, public works and urban development presented their reports while the people in some provinces of the country are faced with many problems due to improper implementation of development projects in their areas.
Shukria Kohistani
 

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Economic Tue, 14 Mar 2017 07:05:54 +0000
NPC Approves 15 Contracts Worth 10.7b Afghanis http://www.bakhtarnews.com.af/eng/business/item/27891-npc-approves-15-contracts-worth-107b-afghanis.html http://www.bakhtarnews.com.af/eng/business/item/27891-npc-approves-15-contracts-worth-107b-afghanis.html NPC Approves 15 Contracts Worth 10.7b Afghanis

Tuesday, March 14, 2017
Kabul (BNA) Presided over by President Mohammad Ashraf Ghani, the session of National Procurement Commission (NPC) has approved 15 contracts worth 10.7 billion Afghani.
In the session held yesterday at presidential palace, national procurement commission restored to further review procurement contract of 30 cabling stations of ministry for water and energy and suggestion of public works ministry in connection with construction of 1st and 2nd phase of Kandahar-Uruzgan road.
The commission also approved suggestion of MoD related to cancelation of the ministry’s wood fuel contract and decreasing of contract price for construction of a drug-addicts’ treatment complex in Helmand.
The commission rejected 11 clothing elements of MoI and decided that company of the project as well as Procurement Company for fuel of MoD should be deprived from participation in tendering due to violation of the contract.
The session was attended by second vice president Sarwar Danesh, chief executive Dr. Abdullah Abdullah, ministers of finance, economy, justice and officials of national procurement authority, representatives of SIGAR and members of finance and budget commission of lower and upper houses.

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Economic Tue, 14 Mar 2017 06:32:02 +0000
HEC Discusses Gulbahar Investment, Women Chamber of Commerce http://www.bakhtarnews.com.af/eng/business/item/27890-hec-discusses-gulbahar-investment-women-chamber-of-commerce.html http://www.bakhtarnews.com.af/eng/business/item/27890-hec-discusses-gulbahar-investment-women-chamber-of-commerce.html HEC Discusses Gulbahar Investment, Women Chamber of Commerce

Tuesday, March 14, 2017
Kabul (BNA) The High Economic Council (HEC) with President Mohammad Ashraf Ghani on the chair discussed Gulbahar firm’s investment of 3.1 billion USD, establishment of women’s chamber of commerce and report of the reformatics, a statement from presidential press office said.
According to the statement, the meeting which was held on Sunday afternoon, Gulbahar firm’s representative presented ‘Marshal Plan’ which includes construction of residential complexes, production of cement, tile, ceramic, medicine, paper and flour with investment of USD 3.1 billion.
According to Gulbahar official, the investment would take five years and would directly provide 10 thousand of job opportunities and 25 thousand others would be indirectly benefited the employment. According to him, the implementation of the plan would help Afghanistan toward self-sufficiency, adding importation would be reduced and government’s financial income to be increased.
Welcoming the investment, Dr. Abdullah Abdullah Chief Executive of the National Unity Government said such investment would be prioritized, adding cigarette production should be replaced with those ones that meet people’s need, the statement said.
Meanwhile, Minister of Economy Abdul Satar Murad welcomed the project, saying a commission is needed to oversee implementation of the project.  President Ghani praised the plan of Gulbahar firm, saying the project would be endorsed only if the company could pay Kabul Bank’s loans. He also ordered establishment of an inter-ministerial commission with presidential advisor Ajmal Ahmadi on the chair to fix a deadline for implementation of the project.
Pointing to cement production, the president said Jabul Saraj cement factory couldn’t fulfill their investment requirement, asking for investment on Ghori cement factory. Hinting to Gulbahar firm’s request for production of flour using Kabul Silo, the president called Barikaab area a proper place for investment on flour.
Gulbahar firm’s representative said his company was not indebted from Kabul Bank, adding he was ready to present document for the court. The president instructed the minister of finance to seek the issue through legal organs.
Manizha Wafeq, present a draft on changing the name of entrepreneur union of leaders for development of Afghanistan to women’s chamber of commerce, adding the draft was aimed to introduce women entrepreneur to national and international level as well as would support women’s role in economic development, the statement added.
Manizha Wafeq asked the government to approve the women’s chamber of commerce in principle and then distribute land for its offices in Kabul and other provinces. She also asked the government that beside to financial support of the chamber, membership to high economic council should be also considered.
Minister of Economy praised the plan, adding chamber of commerce for women to increase their role in economic development.
Pointing to women’s chamber of commerce, the president said to avoid the chamber not to act as a NGO in the future, the institution was needed to be established for three years and its activities to be monitored.
The president said properties of the cooperatives should be rented for the women’s chamber of commerce in the capital Kabul and other provinces, asking women entrepreneurs not to leave membership of the chamber of commerce and industries of the country. He also assured to give membership for women’s chamber of commerce in high economic council.
At the end of the session, the ministry of economy presented the report on labor index ‘reformatics’ to the session. According to the report those individuals or companies willing to start business in the country, the reformatics indexes would be applied on them.
Pointing to shortcomings of the report, the president instructed the administrative office of the president to prepare a presidential decree so that all ministries to be instructed to help in preparing of the report.

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Economic Tue, 14 Mar 2017 06:26:41 +0000
Afghan Officials Attend PDAC Int’l Convention, Trade Show In Toronto http://www.bakhtarnews.com.af/eng/business/item/27870-afghan-officials-attend-pdac-int’l-convention-trade-show-in-toronto.html http://www.bakhtarnews.com.af/eng/business/item/27870-afghan-officials-attend-pdac-int’l-convention-trade-show-in-toronto.html

Sunday March 12, 2017

Kabul (BNA) Officials of the ministries of mines and petroleum, commerce and industries and US Embassy were attended in annual PDAC International Trade Show recently held in Toronto, Canada. More than 900 exhibitors of mines’ extraction sector and over 22000 attendees from 125 countries of the world have been participating in the show since its establishment. In the show, interests and concerns in the respect had been recognized and discussed by the government representatives, members of international organizations and private companies. The participants have also learnt a new subject on mine extraction exhibited by the related experts. Global outlook of precious metals’ price, governance and transparency in mines’ extraction sector, observing norms of Extractive Industries Transparency Initiative (EITI) and ideas to enhance cooperation among the mines’ extraction experts had also been discussed in the gathering. Good Governance Encouragement Program being supported by the Germany’s Federal Ministry for Economic Cooperation (BMZ) also strategically supports Afghanistan’s ministry of mines and petroleum. BMZ also makes effort to strengthen the norms of good governance and supports Afghanistan Extractive Industries Transparency Initiative (AEITI). 
Economic experts believes that the programs related to Afghanistan’s mines being discussed in domestic and foreign conferences or exhibitions should be seriously pursued, because, the country’s economy is relied on mines and agriculture and delay in mines’ extractions will face its economy with downturn. They are stressing that the government of Afghanistan should not lose the opportunities in this regard, adding it should sign agreements with those companies that worth it. Afghanistan is rich of mines and if they are invested, it will ensure the country’s economy, the experts added. But unfortunately, a number of individuals are recklessly extracting the mines in different provinces—a move if not prevented, the national investment of Afghanistan will be illegally extracted. If Afghanistan wants to attend international shows in the future, at first, it should have a proper survey on its mines, an action if done, would result in signing agreements with great countries willing to invest in Afghanistan’s mines. PDAC International Convention, Trade Show & Investors Exchange is the world’s leading convention for people, companies and organizations in, or connected with, mineral exploration and finance. The four-day annual convention is held in Toronto, Canada, has grown in size, stature and influence since it began in 1932 and today is the event of choice for the world’s mineral and finance industries.
Shukria Kohistani
 

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Economic Sun, 12 Mar 2017 11:16:52 +0000
The Exchange Rate of Afghan Currency Against Foreign Currencies http://www.bakhtarnews.com.af/eng/business/item/27864-the-exchange-rate-of-afghan-currency-against-foreign-currencies.html http://www.bakhtarnews.com.af/eng/business/item/27864-the-exchange-rate-of-afghan-currency-against-foreign-currencies.html The Exchange Rate of Afghan Currency Against Foreign Currencies

Sunday, March 12, ,2017
Kabul (BNA) Based on Khan Mohammad Baz’ head of currency exchangers in Kabul, Shahzada market report the exchange rate of Afghani as a follow:
                                                                                   
One Dollar                                            68/20 afgs                           
One Pound Sterling                              82/90 afgs                         
One Euro                                             72/60 afgs                        
One Emirate’s Dirham                         18/13 afgs                          
One Thousand Pakistani Rupees          632afgs                        
One Thousand Indian Rupees               1125 afgs             
One Thousand Iranian Rupees           17/60 afgs                       

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Economic Sun, 12 Mar 2017 06:37:25 +0000
MoF Briefs Media On 2016 Achievements http://www.bakhtarnews.com.af/eng/business/item/27861-mof-briefs-media-on-2016-achievements.html http://www.bakhtarnews.com.af/eng/business/item/27861-mof-briefs-media-on-2016-achievements.html MoF Briefs Media On 2016 Achievements

Sunday March 12, 2017

Kabul (BNA) Ajmal Abdul Rahimzai, Public Relation director and spokesperson for Ministry of Finance provided information regarding the achievement of Ministry of Finance in year 2016 and plans for the current fiscal year during a press conference in the Government Media and Information Centre (GMIC) here yesterday.
The conference which was also attended by Dawa Khan Menapal, deputy spokesperson for the president, Musafer Qoqandi, spokesperson of Ministry of Commerce and Industries and Suhrab Bahman spokesperson at Ministry of Economy, the spokesperson of Ministry of Finance gave detailed information regarding budget preparation for FY 2017, developing budget expenditure and revenue collection for FY 1395, IMF Agreement on first review under the ECF, 250 million contribution of Germany for developing budget implementation, the new plan for Wedding Hall Owner to use invisible money (E-money) instead of cash, installation of electronic systems in Ministry of Finance, telecommunication services fee and process of awareness program. He also provided information about future plans of Ministry of Finance for preventing corruption, revenue collection and effectively usage of budget. Deputy spokesperson for President also gave information about the activities of the government and Parliamentary elections to the media in this conference. The spokesperson of Ministries of Economy and Commerce & Industries provided information about their works and at the end.
 

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Economic Sun, 12 Mar 2017 06:33:07 +0000
ACCI Seeking Alternative Trade Ways Instead Of Karachi Port http://www.bakhtarnews.com.af/eng/business/item/27848-acci-seeking-alternative-trade-ways-instead-of-karachi-port.html http://www.bakhtarnews.com.af/eng/business/item/27848-acci-seeking-alternative-trade-ways-instead-of-karachi-port.html ACCI Seeking Alternative Trade Ways Instead Of Karachi Port

Saturday March 11, 2017

Kabul (BNA) Afghanistan chamber of commerce and industries has asked traders to use other ports instead of Karachi of Pakistan as the authorities believed the route was too disputable wasting time and money to use.
Deputy to the chamber, Khanjan Alokozay said that the Afghan traders shouldn’t place their commodities in the Karachi port anymore as the authorities are in negotiation with the transportation companies to convince them to provide other ports including Abbas port, Chabahar, Turkey, China and the Afghan ports of Hairatan and Aqina. The plan has been after the Pakistani side closed Torkham and Spinbolak ports to all Afghan communication including trade and transit, after a series of deadly suicide attacks killed dozens of people in the Sindh state of the neighboring country. Afghan goods laden track stranded in Pakistan suffered high loss of up to $8 million. The chamber of commerce and industries accused Pakistan of violating all trade norms and principles of ICO, SAARC and World Trade Organization. The Afghan commerce officials also blame these organization of keeping quiet, despite clearly being aware of the Pakistani side violation. 
The Commerce authorities ask the government for doing more to tackle the Afghan traders’ problems. Meanwhile the ministry of commerce and industries said national, regional and international efforts were underway to find solution to the problems. “Efforts were underway and all options have been to seek other trade routes for Afghan traders, as the problems still persist since the last 15 years, and Pakistan under different pretext creates problem before the Afghan trade and transit ways,” said Musafer Quqandi spokesman for the country’s ministry of commerce and industries. Pakistan use border blockage as a mean of political pressure on Afghanistan. Afghanistan has repeatedly asked the neighboring country not to politicalize trade as they believed the move was against all norms and standards of trade and transit between accepted by the two countries. The government has also promised to establish further greenhouses in the country, to may not be in need of imports from Pakistan.
Shukria Kohistani
 

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Economic Sat, 11 Mar 2017 09:30:53 +0000